Forex News
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There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy. Customers of fintech firms that used Synapse to link up with banks had $265 million in balances, while the banks themselves only had $180 million associated ...
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The meme stock influencer Kieth Gill, better known online as Roaring Kitty or DeepFucking Value, opined on YouTube—carefully—on Friday about GameStop’s future as a company. It was his first livestream since 2021. “Do I have to be careful about what I saw here?” the influencer asked, while displaying a background of GameStop’s stock price on Yahoo Finance. ...
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In the late 1960s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to PF, loose central bank policies set the platform for lower economic growth and a higher rate of inflation, or stagflation. PF’s Explanation of Stagflation Starting from ...
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The Federal Reserve is widely expected keep its benchmark interest rate steady at the end of their two-days of deliberations on Wednesday, but economists will be watching closely for any clues on the timing of the first rate cut in four years. A move next week is off the table because Fed officials have stressed the need to be patient as the decline in ...
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The US Federal Reserve will keep interest rates unchanged at 5.25-5.5% on Wednesday and will indicate that September is the earliest opportunity to seriously consider an interest rate cut. The main focus will be their updated dot plot, which outlines the individual members’ views on the path for interest rates. In March, they signalled that three rate cuts ...
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post: ECB'S NAGEL: THE RIGHT MOMENT FOR FULL RATE DESCENT HASN'T YET COME.
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The Federal Reserve is widely expected keep its benchmark interest rate steady at the end of their two-days of deliberations on Wednesday, but economists will be watching closely ...
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The surge in non-farm payrolls triggered a dollar jump across the board while risk appetite deteriorated. US non-farm payrolls increased 272,000 for May, much higher than ...
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The US Federal Reserve will keep interest rates unchanged at 5.25-5.5% on Wednesday and will indicate that September is the earliest opportunity to seriously consider an interest ...
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French President Emanuel Macron said Sunday he was dissolving the National Assembly and calling a snap legislative election after his party suffered a heavy defeat in elections ...
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post: ECB'S NAGEL: THE RIGHT MOMENT FOR FULL RATE DESCENT HASN'T YET COME.
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EURUSD turned around Friday, failing to build on the uptrend it had established. The uptrend was fragile, however, and sellers took control Friday and have kept it this Monday morning, pushing the cross below the lower rising trendline and below 1.08. Currently, having taken back 50% of the bullish move since mid-April, EURUSD could drop further to the ...
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Sunday saw the conclusion of the 4-day European Parliament elections. According to Reuters, eurosceptic nationalists gained significant votes, edging out liberals and greens. Meanwhile, President Emmanuel Macron dissolved the French Parliament, calling for early legislative elections later this month following his defeat in the EU elections to Marine Le ...
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Over the last few years, dozens of innovative Forex trading platforms have arisen in the investment market, presenting some serious competition for Metatrader platforms, which were previously industry standards. A rising market looking for such alternatives has been Indian and Pakistani traders; while they’re very familiar with the strengths of MT4 and MT5, ...